PM Modi and RBI governor Shaktikanta Das have both said that local lenders are strong, after the US banking crisis spilled over to the Indian stock market and rattled bank stocks.
Switzerland’s 2nd largest bank has been merged with country’s largest bank & its rival UBS for a lot lower than its market value. Regulators say this was the best way forward.
India can raise the SVB issue with G20 finance ministers and evolve a banking framework to insulate emerging economies of the South from frauds committed by the developed North.
Data & the feel after 6 years under PM Modi proves a strong leader doesn’t necessarily give us decisive economic leadership unmindful of immediate political risks.
As bad debt piles up & the budget deficit target goes out of the window, it’ll be tough for RBI Governor Shaktikanta Das to keep all the balls in the air.
Indian Hotels Co., Tata’s listed firm that operates the Taj brand, plans to dispose of certain budget inns in non-metro areas and lease them back for a fee.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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